Welcome to ConocoPhillips, where innovation and excellence create a platform for opportunity and growth. Come realize your full potential here.
Who We Are
We are one of the world’s largest independent exploration and production companies, based on proved reserves and production of liquids and natural gas. With operations and activities in 13 countries, we explore for, develop, and produce crude oil and natural gas globally. We are challenged with an important job to safely find and deliver energy to the world. Our employees are critical to our success, and with them we power civilization.
We’re grounded by our SPIRIT Values – safety, people, integrity, responsibility, innovation, and teamwork. These values position us to deliver strong performance in a dynamic business – but not at all costs. We believe it’s not just what we do – it’s how we do it – that sets us apart.
We strive to make a significant difference in the communities where we live and operate. We create an inclusive environment that values all voices and opinions. Together, the different backgrounds, experiences, ideas, and perspectives of our employees drive our success.
Job Summary
Job Description
Midland Basin Overview
ConocoPhillips holds approximately 372,000 total net acres in the Midland Basin, which includes approximately 248,000 unconventional net acres located in the heart of west Texas. The company operates over 2,800 producing wells across Midland, Upton, Andrews, Martin and Glasscock counties.
In 2023, the company operated five drilling rigs on average, including two electric rigs. Net production in 2023 averaged 182 MBOED and 106 operated wells were brought online.
Click here to learn more about living and working in Midland.
Description
If you are selected as the Wellbore Transaction Lead, you will have a core position within the L48 Business Development Team that executes important portfolio optimization activities such as trades, wellbore sales, joint ventures, etc. You will market, negotiate, and coordinate wellbore carry/divestiture transactions. You will work with reservoir engineers, geologist, land negotiators, commercial, and legal to execute the wellbore transactions. You must be able to multitask and work multiple deals simultaneously. You must have strong communications skills to manage the wellbore process internally and externally.
Your responsibilities may include:
Marketing, negotiating, and transacting non-operated wellbore divestitures under constrained timelines
Working with cross-functional teams of reservoir engineers, geologists, land negotiators and commercial marketing teams to evaluate transaction types
Writing, negotiating, and drafting wellbore agreements, assignments, and other similar agreements to transact wellbore-only interests that ensure accuracy as well as compliance with corporate guidelines, legal requirements, ethics and industry standards
Working with legal counsel to implement oil and gas transactions and performing necessary transaction due diligence
Represent ConocoPhillips in dealing with working interest partners, potential buyers, private mineral owners, and local, state and Federal Government entities
Handle wellbore buyer pool information requests, pre-close requirements, and post-close clean-up tasks
Screen prospective buyers interested in access to wellbore opportunities
Handle wellbore transaction data for regular performance evaluations and lookbacks
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Basic/Required:
Must be legally authorized to work in the United States on a full-time basis for anyone other than current employer
Bachelors degree or higher in business, engineering, science, related field or foreign equivalent
3 or more years of experience in the oil and gas industry
Preferred:
1 or more years of experience in project planning, project and acquisition economics, commercial evaluation and alternative business structures
1 or more years of experience with various types of software packages used for Land functions (e.g., Quorum, ArcGIS, Enverus, etc.)
Strong organizational skills to simultaneously manage multiple transactions
Strong analytical and critical thinking skills
Proactive communication with various OBO, finance, commercial, and legal groups to maintain efficient workflows
Strong written/oral communication skills essential with the ability to exhibit flexibility and innovation, spontaneously think/respond quickly and be persistent
Strong social skills required with the ability to establish/maintain relationships with internal and external partners
Ability to express sound solutions and ideas to management with minimal preparation and readily anticipates problems and questions
Responds inventively, flexibly and positively when faced with challenges and demands
Takes ownership of actions and follows through on commitments by holding others accountable and standing up for what is right
Delivers positive results through realistic planning to accomplish goals
Builds effective solutions based on available information and makes timely decisions that are safe and ethical
USA JOB Wellbore Transaction Lead Job ID- 2037
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